Private Equity
Oklahoma-based Laredo, seeded by Warburg last year, has used equity financing from the New York-based firm to make acquisitions and continue drilling in the ‘mid-continent’ region of the US.
1 min read · 05 January 2013
Buyers of secondary fund interests are worried about pricing drops, while sellers are concerned MAC clauses could cause deals to fall through, writes Christopher Witkowsky.
2 min read · 05 January 2013
A majority of the city council supports a proposal by the Working Families Party, a grassroots political group, to include carried interest under the city’s 4% unincorporated business tax. The lobby group said 'everyone has to pay their fair share'.
2 min read · 05 January 2013
The Euronext-traded fund of funds expects that half of its commitments in the next 12 months will be in the secondary market.
1 min read · 05 January 2013
Apollo portfolio company Hexion alleges that Credit Suisse and Deutsche Bank are in breach of their contractual obligations to fund the closing of its merger with chemical manufacturer Huntsman.
2 min read · 05 January 2013
Following HarbourVest’s decision to walk away from a signed secondary transaction last week, sellers of private equity fund interests are concerned that buy-side MAC clauses will complicate secondaries activity even further.
2 min read · 05 January 2013
Daewoo Electronics’s creditors, who control the company, chose the New York-based private equity firm as the winning bidder. Ripplewood’s bid marks the third time Daewoo’s creditors have initiated a sale.
1 min read · 05 January 2013
The image of private equity firms on both sides of the Atlantic asking for bailout money weakens the industry’s position on the carried interest debate, writes Christopher Witkowsky.
2 min read · 05 January 2013
The San Francisco- and Hong Kong-based firm has closed its second fund $100m higher than its initial target, but slightly shy of the $1bn close anticipated. The fund will focus on fund investments in China, Japan, Korea and India.
2 min read · 05 January 2013
A majority of the city council supports a proposal by the Working Families Party, a grassroots political group, to include carried interest under the city’s 4% unincorporated business tax.
2 min read · 05 January 2013
